This week, CoinMarketCap breaks down the possible price movement of Terra ( LUNA ) with some key levels to keep an eye on! Read more to find out if you should invest in SOL or AVAX instead! LUNA TLM TraderScarpa
. We, therefore, need to look where the money is rotating. Before the BTC dump, money seemed to be rotating into SOL, however, after the dump, SOL looks relatively weak. Lets look at the charts and see which coin is the strongest!LUNA is currently breaking out of a 250-day consolidation range in comparison to SOL. There is room for at least an 18% move here as the price can move up to 0.629. It has very a small price history above 0.629.
BTC has been consolidating for a while at the lows, allowing for strong alts, such as LUNA, to run faster to the top. Until BTC breaks the 44K-52K range, it is possible that many altcoins will continue their run. LUNA is in an uptrend relative to BTC, ETH, SOL and AVAX on 1-day charts. Therefore, it is easy to infer that it will likely outperform all of them for the foreseeable future.
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